TikTok Announces Formation of US Majority-Owned Joint Venture to Prevent Ban TikTok has created a U.S. majority-owned joint venture, TikTok USDS Joint Venture LLC, to oversee data security and its content ecosystem. This new independent entity will be governed by a seven-member board, including TikTok CEO Shou Chew and Silver Lake co-CEO Egon Durban. The venture aims to protect national security through robust data protections, algorithm security, content moderation, and software assurances for American users.

• TikTok has formed an American majority-owned joint venture to manage data security and content in the U.S.
• The joint venture, named TikTok USDS Joint Venture LLC, will operate as an independent entity.
• A seven-member board of directors will oversee the joint venture, including TikTok CEO Shou Chew and Silver Lake co-CEO Egon Durban.
• The venture will implement safeguards for national security, including comprehensive data protections, algorithm security, content moderation, and software assurances for U.S. users.